Goods and Services Tax - GST refers to the indirect tax imposed on goods and services on every level of the distribution chain. From July 1, 2017, GST came up as single taxation system in India and replaced all the indirect taxes like central excise duty, service tax, customs duty, VAT, Octroi and surcharges in the country.
GST is a comprehensive tax levied on the manufacturing, selling and consumption of consumer good in India. Small and large organizations are required to have a GST Identification Number (GSTIN) to get registered under GST policy. When any kind of sales transaction is made within states (Inter-state), Integrated GST is charged. And for any intra-state sales, Central GST and State GST are levied.
The Type/forms of GST are are below :
SGST known as Stage GST : It is collected by Government of the state.
CGST known as Central GST : It is collected by Central Government.
IGST known as Integrated GST : It is collected by Central Government for inter-state transactions and imports.
UTGST known as Union Territory GST : It is collected by the Government of Union Territory.
GST Calculator Online provided by easyGSTpro comes handy and makes it simple for the taxpayers to calculate GST amount. GST Calculator Online helps you find out how much is GST in a product or service, what would be the cost after the application of GST. It is simple to use and avoid any kind of human calculation error possible.
You can calculate both inclusive and exclusive GST with the calulator. This GST amount Calculator is quick and accurate. You can calculate your GST amount easily with the GST Calculator online.
Online GST Tax Calculator is very easy to use. This Calculator is simple and can be used to identify GST amount and total amount after GST. You can also get the GST Tax amount from the final amount.
Please follow the below steps to calculate GST using online GST amount calculator.
Online GST Tax Calculator is recommended for all the tax amount and will provide you with the error free result.
GST calculation method is simple and can be derieved from the following formula.
GST Tax Amount = (GST % x Original cost of the product or service) / 100
Net Price = Original cost of the product or service + GST Tax amount
To deduct GST from Net Price:
GST Tax Amount = Original cost of the product or service - (Original cost of the product or service x (100 / (100 + GST%)))
Net Price = Original cost of the product or service - GST Tax amount
From July 1, 2017, GST become the single taxation system in India and replaced all the indirect taxes like central excise duty, service tax, customs duty, VAT, Octroi and surcharges in the country. So it has now become so common to get the GST tax amount of a product or service. At the same time it is very critical to find the correct GST tax amount. Our Online GST Calculator helps you get the correct amount and in addition to it.
Below are few benifits of using our GST tax calculator online.
GST Exclusive amount refers to the value of the product or service without adding any GST tax to it. If the GST Tax is already added in the amount the we can get the GST Exclusive amount by subtracting the GST amount from the GST Inclusive value of the product or service.
To Calculate Exclusive GST you can apply the following formula.
GST inclusive amount refers to the total value of the product or service after including GST Tax amount in the original value of the product or service. The tax is not charged separately from the customer as it is already the part of final price.
At times it is important to identify the GST tax from the final price. GST Calculator online is useful and a free tool. Use reverse GST calculator to identify the Inclusive GST Tax online.
If the GST tax is already included in the final price and you need to find the GST tax in that price. Use the below formula to identify or calculate the GST tax amount.